How to leverage your NFT

In Pawnfi Protocol, every user can easily collateralize his/ her NFT and borrow out P-Token without any liquidity limit. Loan amount is always set as 1,000 P-Token/ per NFT.

Please see this doc for more information on P-Token.

1. Loan -> Leverage

2. Select an NFT

3. Select Duration

• Duration: Loan period

• Grace period: It is an extra repayment period. NFT will be liquidated when grace period ends.

4. Confirm parameters -> Approve -> Submit transaction

Based on your loan duration and interest rate, withholding interest will be deducted from loan amount.

Interest = 0.274 P-Token per day (10% APR)

After confirming all the information, click [Approve] button to approve the transaction. After approval, click [Submit] button to initiate transaction.

5. How to repay?

You can access to [Dashboard] and find [My Records] to review the loan status.

In the detail page, you will be able to see all information of this order. Click [Approve] to authorize repayment. After approval, click [Repay] to initiate transaction. You can redeem your NFT after repaying your loan along with the interest accrued during the period.